NYSE:GVA

Granite Construction - GVA Stock Forecast, Price & News

$26.52

+0.26 (+0.99%)

(As of 09/28/2022 12:00 AM ET)

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Today's Range: $26.38
▼
$26.93
50-Day Range: $26.26
▼
$31.93
52-Week Range: $26.02
▼
$43.98

Volume: 261,058 shs
Average Volume: 351,728 shs
Market Capitalization: $1.17 billion

P/E Ratio: 48.22
Dividend Yield: 1.98%
Price Target: $50.00

Granite Construction MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 88.5% Upside
$50.00 Price Target
Short Interest: Bearish
11.79% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.25
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 65.56%
From $1.80 to $2.98 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Construction Sector

39th out of 106 stocks

Heavy Construction, Except Building Construction - Contractors Industry

3rd out of 8 stocks

3.5

Analyst's Opinion

Consensus Rating
Granite Construction has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $50.00, Granite Construction has a forecasted upside of 88.5% from its current price of $26.52.
Amount of Analyst Coverage
Granite Construction has received no research coverage in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
11.79% of the float of Granite Construction has been sold short.
Short Interest Ratio / Days to Cover
Granite Construction has a short interest ratio ("days to cover") of 13.2, which indicates bearish sentiment.
Change versus previous month
Short interest in Granite Construction has recently increased by 2.19%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Granite Construction pays a meaningful dividend of 1.98%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Granite Construction does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Granite Construction is 94.55%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Granite Construction will have a dividend payout ratio of 17.45% next year. This indicates that Granite Construction will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GVA.

2.9

News and Social Media Coverage

News Sentiment
Granite Construction has a news sentiment score of 1.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Granite Construction this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for GVA on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Granite Construction insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.45% of the stock of Granite Construction is held by insiders.
Percentage Held by Institutions
99.88% of the stock of Granite Construction is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Granite Construction are expected to grow by 65.56% in the coming year, from $1.80 to $2.98 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Granite Construction is 48.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of Granite Construction is 48.22, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 12.17.
Price to Book Value per Share Ratio
Granite Construction has a P/B Ratio of 1.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Granite Construction (NYSE:GVA) Stock

Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. It operates through two segments, Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies. The company also constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. In addition, it offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.

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GVA Stock News Headlines

September 25, 2022 | finance.yahoo.com

The Fast-Food Chain With a Sold-Out Fashion Line

September 23, 2022 | finance.yahoo.com

ENR Ranks Granite Number One in both Highways and Sanitary & Storm Sewers and Number Two in the Mining Market

September 22, 2022 | finance.yahoo.com

Former Advisor Facing Civil, Criminal Charges in Insider Trading Probe

September 19, 2022 | uk.finance.yahoo.com

Granite Construction (NYSE:GVA) Is Paying Out A Dividend Of $0.13

September 19, 2022 | finance.yahoo.com

Granite Construction will no longer sell water resources, mineral services businesses, citing 'market conditions'

September 14, 2022 | finance.yahoo.com

Granite Secures $17 Million Duncan Creek Diversion Dam Improvement Project

September 13, 2022 | finance.yahoo.com

Granite Secures $20 Million Project with the Tucson Airport Authority for the Airfield Safety Enhancement Program

September 4, 2022 | nasdaq.com

Why We're Not Concerned About Granite Construction Incorporated's (NYSE:GVA) Share Price

September 1, 2022 | marketwatch.com

Granite Joins Asphalt Pavement Net Zero Initiative “The Road Forward”

August 31, 2022 | seekingalpha.com

Granite Construction to pay $12M penalty in settlement with SEC

August 31, 2022 | finance.yahoo.com

Granite Announced as Sole California Distributor of EZ STREET Asphalt

August 26, 2022 | bizjournals.com

SEC files fraud charges against former exec at Granite Construction

August 26, 2022 | bizjournals.com

The SEC filed fraud charges against a former exec at Watsonville's Granite Construction

August 25, 2022 | msn.com

U.S. SEC charges Granite Construction, former executive with fraud -statement

August 12, 2022 | fool.com

Granite Construction (NYSE: GVA)

July 28, 2022 | seekingalpha.com

Granite Construction Incorporated's (GVA) CEO Kyle Larkin on Q2 2022 Results - Earnings Call Transcript

July 28, 2022 | nasdaq.com

Shareholders in Granite Construction (NYSE:GVA) are in the red if they invested five years ago

July 28, 2022 | finance.yahoo.com

Granite Reports Second Quarter 2022 Results

July 26, 2022 | apnews.com

Granite Secures $40 Million Project on State Highway 288 Including New Overpass in Houston, Texas

July 6, 2022 | finance.yahoo.com

Granite Selected for $55 Million in Improvements to Major Alaskan Roadway

June 30, 2022 | finance.yahoo.com

Granite Wins Recognition for Early Talent Engagement

June 28, 2022 | finance.yahoo.com

Granite Construction (NYSE:GVA) Will Pay A Dividend Of US$0.13

June 24, 2022 | finance.yahoo.com

Does Granite Construction (NYSE:GVA) Have A Healthy Balance Sheet?

June 24, 2022 | finance.yahoo.com

Primoris' (PRIM) $260M Solar Deal to Aid Energy/Renewables Arm

June 16, 2022 | seekingalpha.com

Granite Construction bags $38M contracts for I-5 rehabilitation, improvements

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30 days | 90 days | 365 days | Advanced Chart

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GVA Company Calendar

Ex-Dividend for 7/15 Dividend: 6/29/2022
Dividend Payable: 7/15/2022
Last Earnings: 7/28/2022
Today: 9/29/2022
Ex-Dividend for 10/14 Dividend: 9/29/2022
Dividend Payable: 10/14/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Heavy construction, except building construction - contractors
Sub-Industry: Construction & Engineering
Sector: Construction
Current Symbol: NYSE:GVA
CUSIP: 38732810
CIK: 861459
Web: www.graniteconstruction.com
Phone: (831) 724-1011
Fax: 831-761-7871
Employees: 3,300
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $50.00
High Stock Price Forecast: $50.00
Low Stock Price Forecast: $50.00
Forecasted Upside/Downside: +88.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.55
Trailing P/E Ratio: 48.22
Forward P/E Ratio: 14.73
P/E Growth: N/A
Net Income: $10.10 million
Net Margins: 0.85%
Pretax Margin: 0.63%
Return on Equity: 5.06%
Return on Assets: 2.04%

Debt

Debt-to-Equity Ratio: 0.31
Current Ratio: 1.60
Quick Ratio: 1.52

Sales & Book Value

Annual Sales: $3.01 billion
Price / Sales: 0.39
Cash Flow: $4.44 per share
Price / Cash Flow: 5.97
Book Value: $21.73 per share
Price / Book: 1.22

Miscellaneous

Outstanding Shares: 44,080,000
Free Float: 43,887,000
Market Cap: $1.17 billion
Optionable: Optionable
Beta: 1.32

Key Executives

Mr. Kyle T. Larkin (Age 50)
Pres, CEO & Director
Comp: $923.59k

Ms. Elizabeth Lisa Curtis (Age 55)
Exec. VP & CFO
Comp: $516.07k

Mr. James A. Radich (Age 63)
Exec. VP & COO
Comp: $545.36k

Mr. Brian A. Dowd (Age 58)
Sr. VP & California Group Mang.
Comp: $587.66k

Mr. Michael G. Tatusko (Age 57)
Sr. VP & Mountain Group Mang.
Comp: $828.71k

Ms. Staci M. Woolsey (Age 45)
Chief Accounting Officer

Mr. M. Craig Hall
Sr. VP, Gen. Counsel, Corp. Compliance Officer & Sec.

Ms. Erin Kuhlman
Sr. VP and Chief Marketing & Communications Officer

Mr. Tim Gruber
Sr. VP of HR

Mr. James Hildebrand Roberts (Age 65)
Chief Exec. Officer Emeritus

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GVA Stock - Frequently Asked Questions

Should I buy or sell Granite Construction stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" GVA shares.
View GVA analyst ratings or view top-rated stocks.
What is Granite Construction's stock price forecast for 2022?: 1 Wall Street analysts have issued 1-year price targets for Granite Construction's shares. Their GVA share price forecasts range from $50.00 to $50.00. On average, they expect the company's share price to reach $50.00 in the next year. This suggests a possible upside of 88.5% from the stock's current price.
View analysts price targets for GVA or view top-rated stocks among Wall Street analysts.
How have GVA shares performed in 2022?: Granite Construction's stock was trading at $38.70 at the start of the year. Since then, GVA stock has decreased by 31.5% and is now trading at $26.52.
View the best growth stocks for 2022 here.
When is Granite Construction's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our GVA earnings forecast.
How were Granite Construction's earnings last quarter?: Granite Construction Incorporated (NYSE:GVA) posted its quarterly earnings results on Thursday, July, 28th. The construction company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.51 by $0.13. The construction company earned $768.29 million during the quarter. Granite Construction had a trailing twelve-month return on equity of 5.06% and a net margin of 0.85%.
How often does Granite Construction pay dividends? What is the dividend yield for Granite Construction?: Granite Construction declared a quarterly dividend on Thursday, September 15th. Stockholders of record on Friday, September 30th will be given a dividend of $0.13 per share on Friday, October 14th. This represents a $0.52 annualized dividend and a yield of 1.96%. The ex-dividend date is Thursday, September 29th.
Read our dividend analysis for GVA.

Is Granite Construction a good dividend stock?: Granite Construction (NYSE:GVA) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.98%. The dividend payout ratio is 94.55%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GVA will have a dividend payout ratio of 17.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GVA.
What is Kyle T. Larkin's approval rating as Granite Construction's CEO?: 4 employees have rated Granite Construction Chief Executive Officer Kyle T. Larkin on Glassdoor.com. Kyle T. Larkin has an approval rating of 100% among the company's employees. This puts Kyle T. Larkin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Granite Construction own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Applied Materials (AMAT), JD.com (JD), NVIDIA (NVDA), Ford Motor (F), The Hain Celestial Group (HAIN) and Carnival Co. & (CCL).
What is Granite Construction's stock symbol?: Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."
How do I buy shares of Granite Construction?: Shares of GVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Granite Construction's stock price today?: One share of GVA stock can currently be purchased for approximately $26.52.
How much money does Granite Construction make?: Granite Construction (NYSE:GVA) has a market capitalization of $1.17 billion and generates $3.01 billion in revenue each year. The construction company earns $10.10 million in net income (profit) each year or $0.55 on an earnings per share basis.
How many employees does Granite Construction have?: The company employs 3,300 workers across the globe.
How can I contact Granite Construction?: Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The official website for the company is www.graniteconstruction.com. The construction company can be reached via phone at (831) 724-1011, via email at ronald.botoff@gcinc.com, or via fax at 831-761-7871.

This page (NYSE:GVA) was last updated on 9/29/2022 by MarketBeat.com Staff

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Granite Construction - GVA Stock Forecast, Price & News

Granite Construction MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month